CMS Energy Corporation (CMS) vs PPL Corporation (PPL)
A side-by-side comparison of CMS Energy Corporation and PPL Corporation across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of September 13, 2026. Differences are shown without an overall score or investment verdict.
CMS
CMS Energy Corporation
$66.14UtilitiesDelayed quote: Sep 17, 2026, 12:00 PM EDT
PPL
PPL Corporation
$33.49UtilitiesDelayed quote: Sep 17, 2026, 12:00 PM EDT
Total return — CMS vs PPL
growth of $100 · dividends reinvested · last 10yCMS +110.9% (+7.7%/yr)PPL +50.3% (+4.2%/yr)CMS compounded faster over this window
CMS PPL
CMS vs PPL: by the numbers
- •PPL is the larger company ($25.20B vs $20.74B market cap).
- •CMS trades at the lower trailing earnings multiple (19.57 vs 19.81 P/E), one valuation lens rather than an overall verdict.
- •PPL converts more revenue to profit (13.47% vs 11.64% net margin).
- •PPL grew revenue faster over the past five years (8.98% vs 5.09% CAGR).
- •CMS pays the higher dividend yield (3.35% vs 3.31%).
Metrics side by side
Valuation
| Metric | CMS | PPL |
|---|---|---|
| P/E ratio | 19.57 | 19.81 |
| Forward P/E | 17.09 | 17.18 |
| P/S ratio | 2.35 | 2.68 |
| P/B ratio | 2.12 | 1.67 |
| EV / EBITDA | 13.96 | 11.98 |
Profitability
| Metric | CMS | PPL |
|---|---|---|
| Gross margin | 60.91% | 42.73% |
| Operating margin | 18.95% | 24.02% |
| Net margin | 11.64% | 13.47% |
| ROE | 10.50% | 8.41% |
| ROIC | 3.41% | 4.24% |
Dividends
| Metric | CMS | PPL |
|---|---|---|
| Dividend yield | 3.35% | 3.31% |
| Payout ratio | 66.64% | 66.72% |
Growth (annualized)
| Metric | CMS | PPL |
|---|---|---|
| Revenue CAGR (5Y) | 5.09% | 8.98% |
| EPS CAGR (5Y) | 5.90% | -3.60% |
| FCF CAGR (5Y) | -16.59% | -17.12% |
| Total return CAGR (5Y) | 4.27% | 6.46% |
Frequently asked
- Which has the lower trailing P/E, CMS or PPL?
- CMS has the lower trailing P/E: CMS trades at 19.57 and PPL at 19.81. P/E is one valuation measure and does not by itself establish which business is cheaper.
- Which has grown faster, CMS or PPL?
- Over the past five years, PPL grew revenue faster — CMS at a 5.09% CAGR versus PPL at 8.98%.
- Does CMS or PPL pay a bigger dividend?
- CMS yields 3.35% and PPL yields 3.31% based on trailing dividends and the latest price.
- Is CMS or PPL more profitable?
- PPL runs the higher net margin — CMS at 11.64% versus PPL at 13.47%.
- How have CMS and PPL total returns compared?
- Over the past 10 years, CMS delivered 8.14% and PPL delivered 4.60% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
CMS Energy P/E ratioPPL P/E ratioCMS Energy dividend yieldPPL dividend yieldCMS Energy ROEPPL ROECMS Energy operating marginPPL operating marginCMS Energy revenue growthPPL revenue growthCMS Energy free cash flowPPL free cash flow
CMS Energy & PPL appear in these rankings
Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified September 13, 2026.